Alligo AB Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 18, 2023 at 02:00 am EDT
Share
Alligo AB (publ) reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was SEK 2,388 million compared to SEK 2,275 million a year ago. Revenue was SEK 2,415 million compared to SEK 2,304 million a year ago. Net income was SEK 122 million compared to SEK 113 million a year ago. Basic earnings per share from continuing operations was SEK 2.42 compared to SEK 2.24 a year ago. Basic earnings per share was SEK 2.42 compared to SEK 2.24 a year ago.
For the six months, sales was SEK 4,675 million compared to SEK 4,370 million a year ago. Revenue was SEK 4,735 million compared to SEK 4,426 million a year ago. Net income was SEK 190 million compared to SEK 3,750 million a year ago. Basic earnings per share from continuing operations was SEK 3.76 compared to SEK 3.35 a year ago. Basic earnings per share was SEK 3.76.
Alligo AB, formerly Momentum Group AB is a Sweden-based reseller of industrial consumables and components, as well as service and maintenance to professional end users in the industrial and construction sectors in Sweden, Norway and Finland. The Company comprises four operating sectors, which are organized under two business areas: Tools, Supplies, Workwear & Protection as well as Components & Services. The first business area comprises UNIVERN AS, TriffiQ Foretagsprofilering AB, Swedol AB (publ) and Mercus Yrkesklader AB. The business has focus on the sale of tools, personal protective equipment and other consumables to the industrial and construction markets. The second business area comprises Momentum Industrial AB and Obergs i Karlstad AB, among others, which focus on the sale of spare parts for production and workplace equipment mainly to customers within industrial sector.
ALLIGO AB 
